Amendments in the property taxation is benefiting the buyers

The Express has commented on the data released by trade lending body UK Finance which demonstrates that the number of first time buyers in August was the highest monthly level since June 2017. Whilst this is not a particularly long time, it may demonstrate to the Chancellor that the changes to the taxation of properties owned by investors is working to assist people get on the property ladder.

If the Chancellor decides the existing changes have not made enough of a difference he may well consider implementing the rumored proposal to give a capital gains tax exemption to landlords who sell property to tenants who have lived in the property for three years or more. It has also been suggested that the exemption is split between the landlord and tenant so that the tenant has a contribution towards their mortgage deposit.

Related briefings

By Robin Henry, Jean-Martin Louw Earlier this year, Collyer Bristow reported on a Commercial Court decision in which The ECU Group Plc (“ECU”) was granted pre-action disclosure of various documents relating to suspected “front-running” by HSBC (“the Disclosed Documents”). In an interesting turn of events, ECU’s use of that material was recently called into question, when it […]

By Christian Davison A shareholders’ agreement is a contract entered into between some or all of the shareholders in a company. A shareholders’ agreement regulates the relationship between the shareholders – they are most often used to give protection to the shareholders’ investments in the event that something were to go wrong, and to establish a […]

By Aidan Grant Aaron Banks attempted to use the European Convention on Human Rights to argue that HMRC was wrong to charge £163,000 in inheritance tax on certain donations he made to UKIP. Putting to one side the irony of a major backer of UKIP and Brexit using the ECHR to obtain a favourable tax position, […]

By Paul Henson The decision of the Upper Tribunal in Cornerstone Telecommunications Infrastructure Limited v the University of London (2018) permitted the operator to access, inspect and survey the landowner’s premises as a substantive right under paragraph 3(a) or 3(d) of the Electronic Communications Code (the “Code”). This has thwarted landowners’ tentative attempts to prevent unwanted […]

Now is the time to invest in companies that make small furniture! The 2 1 City of Westminster in the City Plan 2019- 2040 has suggested that new developments and conversions will (unless necessary to protect a heritage asset) not be allowed to provide units of greater than 150 sq m (1,615 sq ft) to […]

By Peter Williams Residential landlords will be required to spend up to £3,500 of their own money improving the energy efficiency of their properties. The Minimum Energy Efficiency Standard (MEES) for properties that are to be let came into force on 1 April 2018. The regulations apply to both commercial and residential properties but this […]

We are finding that solicitors – and indeed others operating in the professional services sector – are facing a work-life balance crisis. In fact, according to our recent survey on workplace stress, 61% of the sector attributed lack of time as a key source of their work pressure. We believe technology can help solicitors use […]

Legal firms are embracing digital legal software – reimagining their business, streamlining processes, integrating real-time systems, providing mobile access and automating routine tasks. As part of this, increasing numbers of lawyers are choosing to find out more about what is going on behind the technology that is transforming the way they work.

By Srdjana Petronijević and Zoran Šoljaga The Serbian Commission for Protection of Competition (the “Commission“) is taking steps to encourage the birth rate in Serbia, one of the country’s primary political objectives. Its contribution to achieve that objective is current antitrust investigation on the baby care product market, which could ultimately lead to a price […]

22 November 201807:22

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